John Stewart (Deloitte Ireland) explains the EU wide changes designed to simplify the VAT rules for EU cross-border supplies of goods.
The changes to the EU VAT legislation (EU VAT Directive 2018/1910 and EU Implementing Regulation (EU) 2018/1912 were introduced for the purpose of simplifying the VAT rules that apply to goods traded cross border and to reduce fraud. The UK rules are set out in Part 4 of the Value Added Tax (Place of Supply of Goods) Order SI 2004/3148 and take effect from 1 January 2020. HMRC’s guidance entitled Changes to VAT for intra-EU chain transactions and zero rated goods and Changes to tax rules for call off stock arrangements between member states is available on the gov.uk website (and at bit.ly/2O9t2gC and bit.ly/2O5SWC0 respectively).
The changes are described as ‘quick fixes’ which implies that...
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John Stewart (Deloitte Ireland) explains the EU wide changes designed to simplify the VAT rules for EU cross-border supplies of goods.
The changes to the EU VAT legislation (EU VAT Directive 2018/1910 and EU Implementing Regulation (EU) 2018/1912 were introduced for the purpose of simplifying the VAT rules that apply to goods traded cross border and to reduce fraud. The UK rules are set out in Part 4 of the Value Added Tax (Place of Supply of Goods) Order SI 2004/3148 and take effect from 1 January 2020. HMRC’s guidance entitled Changes to VAT for intra-EU chain transactions and zero rated goods and Changes to tax rules for call off stock arrangements between member states is available on the gov.uk website (and at bit.ly/2O9t2gC and bit.ly/2O5SWC0 respectively).
The changes are described as ‘quick fixes’ which implies that...
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